Metal Bank : Company Presentation - Gold Cobalt Copper

GOLD : COBALT : COPPER

SIGNIFICANT GOLD PROJECT WITH EXPLORATION & RESOURCES IN WA

HIGH GRADE SHALLOW COPPER COBALT RESOURCE ON MINING LEASES IN QLD

AUGUST 2022	ASX: MBK

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Disclaimer

Purpose of this document

This presentation has been prepared by Metal Bank Limited ("MBK") for general information purposes only using the information available to MBK at the time of publication.

No reliance

The information contained in this presentation is not investment, tax, accounting, legal or financial product advice and is not intended to be used as the basis for making any investment decision. The presentation has been prepared without taking into account the investment objectives, financial situation or particular needs of any particular person.

Exclusion of representations or warranties

No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of MBK's directors, employees or agents, nor any other person accepts any liability, including, without limitation, any liability arising out of fault or negligence, for any loss arising from the use of the information contained in this presentation. In particular, no representation or warranty, express or implied is given as to the accuracy, completeness or correctness, likelihood of achievement or reasonableness of any forecasts, prospects or returns contained in this presentation nor is any obligation assumed to update such information. Such forecasts, prospects or returns are by their nature subject to significant uncertainties and contingencies. Before making any investment decision, you should consider whether an investment is appropriate in light of your particular investment needs, objectives and financial circumstances. Past performance is no guarantee of future performance. You should seek professional advice from your accountant, financial adviser, stock broker, lawyer or other professional adviser before making any investment decision.

Forward looking information

Certain statements in this presentation constitute "forward looking information" that is based on expectations, estimates and projections as of the date of this presentation. These statements are subject to risks and uncertainties. The forward looking information should not be relied upon as representing the view of MBK after the date of this presentation. MBK has attempted to identify important factors that could cause actual actions, events or results to differ materially from those current expectations described in the forward looking information. However, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended and that could cause actual actions, events or results to differ materially from current expectations. There can be no assurance that the forward looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place undue reliance on the forward looking information. These factors are not intended to represent a complete list of the factors that could affect the forward looking information.

Events after the date of this document

Statements in this presentation are made only as of the date of this presentation unless otherwise stated and the information in this presentation remains subject to change without notice. MBK is not responsible for updating nor undertakes to update this presentation.

Competent Person Statements

The information in this presentation that relates to Mineral Resource Estimation of the Kingsley Deposit was prepared and reported in accordance with the ASX Announcements referenced in this presentation and is based on information compiled by Mr. Michael Job, a Competent Person who is a Fellow of the Australasian Institute of Mining and Metallurgy and a full time employee of Cube Consulting Pty Ltd.

The information in this presentation that relates to Mineral Resources of the Kingsley Deposit is based on information compiled by Mr. Mike Atkinson, a Competent Person who is a Fellow of The Australasian Institute of Geoscientists and a full time employee of MEC Mining.

The information in this presentation that relates to exploration results and Mineral Resources and Ore Reserves for the Livingstone Project was prepared and reported in accordance with the ASX Announcements, Talisman Mining and Kingston Resources News Releases referenced in this presentation. The information in this presentation that relates to Mineral Resources of the Livingstone Project (Homestead) is based on information compiled by Mr Steven Elliot, a Competent Person who was a Member of the Australasian Institute of Mining and Metallurgy and a full time employee of Talisman Mining Ltd at time of work.

The information in this presentation that relates to exploration results and Mineral Resources and Ore Reserves for the Millennium Project was prepared and reported in accordance with the ASX Announcements and Global Energy Metals Corporation (GEMC) News Releases referenced in this presentation. The information in this presentation that relates to Mineral Resources of the Millennium Project is based on information compiled by Ms Elizabeth Haren, a Competent Person who is a Member and Chartered Professional of the Australasian Institute of Mining and Metallurgy and a full time employee of Haren Consulting Pty Ltd.

The Company confirms that it is not aware of any new information or data that materially affects the information included in the relevant ASX announcements and News Releases. In the case of Mineral Resource estimates and Ore Reserve estimates, all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Persons' findings are presented have not been materially modified from the original ASX announcements or News Releases.

The information in this presentation, that relates to MBK Exploration Results, Mineral Resources and Exploration Target statements is based on information compiled or reviewed by Mr Rhys Davies. Mr Davies is a contractor to the Company and eligible to participate in the Company's equity incentive plan. Mr Davies is a Member of The Australasian Institute of Geoscientists has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Davies consents to the inclusion in this presentation of the matters based on his information in the form and context in which it appears.

It should be noted that the MBK Exploration Targets described in this presentation are conceptual in nature and there is insufficient information to establish whether further exploration will result in the determination of Mineral Resources. As a Cautionary Statement, an Exploration Target is a statement or estimate of the exploration potential of a mineral deposit in a defined geological setting where the statement or estimate, quoted as a range of tonnes and a range of grade, relates to mineralization where there has been insufficient exploration to estimate a Mineral Resource. The potential quantity and grade of the Exploration Targets is conceptual in nature, there has been insufficient exploration to estimate an additional Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. The Exploration Targets take no account of geological complexity that may be encountered, possible mining method or metallurgical recovery factors. It is acknowledged that the currently available data is insufficient spatially in terms of the density of drill holes, and in quality, in terms of MBK's final audit procedures for down hole data, data acquisition and processing, for the results of this analysis to be classified as Mineral Resources in accordance with the JORC Code.

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2022 TIMELINE

Building a multi-project Gold & Copper company

2022 Work Program

PROJECT

Q1 2022

Q2 2022

Livingstone	Kingsley JORC	Heritage clearances,
ET, Contractor	Drilling Kingsley and
	Resource and updated	site prep, mobilisation.
	engagement	Homestead

Millennium	prep completed
	Drilling Tender and site	PHASE 1 DRILLING

SE QLD	Weather delay	Weather delay

Q3 2022

Q4 2022

Drilling Livingstone	Update JORC
Homestead, Kingsley +
North, and drill testing
Livingstone. ET for
regional targets
Stanley

PHASE 2 DRILLING.	Resource drill out
Decision point on ET	Scoping studies
conversion

Soil geochemistry	Follow up ground
surveys Wild Irishman	geophysics at Eidsvold
and Floris Find	and Floris Find
extensions	extensions

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HIGHLIGHTS

New Announcements, Currently Drilling & Resources

Livingstone Project - Drilling

Drilling results Kingsley East Au target1 (KE22RC005) returns high grade zone of 4m @ 4.09g/t from 12m, 2m @1.9g/t from 46m and 2m @ 18.15g/t from 54m (including 1m at 35.4g/t) 750m east of the current Kingsley Gold Resource

Livingstone Project - JORC Resources

HomesteadProspect - JORC

2004 Inferred Resource

49,900oz Au2

Kingsley Prospect- JORC 2012 Inferred Resource 30,500oz Au3

Exploration Target:

290-400Kt at 1.8 - 2 g/t Au for

16,800 - 25,700 oz3

1. MBK ASX Release 1 August 2022 "High Grade Gold Intercepted 700m East of Kingsley Deposit" 2. MBK ASX Release 26 October 2021 "Livingstone Acquisition and Entitlement Offer to raise $6.34M" and 070301_HC_TR_BoundaryResourceEstimate_R2004 -	4
Talisman Mining Ltd, and KSN ASX Announcement dated 2 December 2020. 3. MBK ASX Release 18 January 2022 "Kingsley deposit Maiden Mineral Resource Estimate and updated Exploration Target"

HIGHLIGHTS

New Announcements, Currently Drilling & Resources

Millennium Project - Drilling

• 5m @ 2.27% Cu, 0.09% Co and 0.94g/t Au1 (MI22RC02, 104-109m)- 30 metres north of current resource
• 6m @ 1.24% Cu, 0.5g/t Au (MI22RC07, 60-66m)and 9m @ 0.84% Cu, 0.19% Co and 0.23g/t Au (MI22RC07, 71- 80m)1

Millennium Project - JORC Resources

Millennium holds a 2012 JORC Inferred Resource2 of 5.9Mt @ 1.08% CuEq (Cu-Co-Au-Ag)

2022 drill program seeking to almost double existing Resource

• initial results1 intercept high grade Cu-Co mineralisation in resource gap and open up significant strike extension to the north

1.	MBK ASX Release 7 July 2022 "Millennium Exploration Update - Early Assays Received".	5
2.	HMX ASX Announcement dated 6 December 2016 .